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You have the following utility function (utility curve) for scarves U = 7sqrt(Q) Where U are the utilities and Q is the quantity of scarves.
You have the following utility function (utility curve) for scarves U = 7\sqrt(Q) Where U are the utilities and Q is the quantity of scarves. Now you have 5 scarves, what is your marginal utility of an extra scarf? Calculate by looking at the difference between benefits before and after (not by differentiating the function) Have the answer with at least three significant characters
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Economics
Authors: Campbell R. McConnell, Stanley L. Brue, Sean M. Flynn
18th edition
978-0077413798, 0-07-336880-6, 77413792, 978-0-07-33688, 978-0073375694
